ERCİYES UNIVERSITY FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES

Transcription

1 2010 ERCİYES UNIVERSITY

2 CONTENTS INFORMATION ON THE INSTITUTION Name and Address of the Institution... 1 Academic Calendar... 2 Academic Authorities... 3 General Description of the Institution... 6 List of Degree Programs Offered... 7 Admission / Registration Procedures... 8 Main University Regulations... 9 ECTS Contact Persons INFORMATION ON DEGREE PROGRAMS Qualifications Awarded Admission Requirements Educational and Professional Goals Access to Further Studies Course Structure Diagram with Credits Department of Business Department of Economics Department of Public Finance Final Test, if any Examination and Assessment Regulations ECTS Contact Persons Description of Individual Course Units GENERAL INFORMATION FOR STUDENTS Accommodation Meals Medical Facilities Facilities for Special Students Needs Insurance Financial Support for Students Student Affairs Office Study Facilities International Programs... 52

3 Internships Sports Facilities Extramural and Leisure Activities Student Association Regular Meetings with Students... 57

4 Name and Address of the Institution The Faculty of Economics and Administrative Sciences İktisadi ve İdari Bilimler Fakültesi Address: Erciyes Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, Kayseri Phone: Fax: Web site: 1

5 Academic Calendar Academic Year FALL Sep 13, 2010-Sep 17, 2010 Sep 20, 2010-Dec 31,2010 Jan 3, 2011-Jan 22, 2011 Jan 23, 2011-Feb 5, 2011 Course registration Classes Final exams Fall break SPRING Jan 31, Feb 4, 2011 Feb 7, 2011-May 21, 2011 May 23, 2011-Jun 11, 2011 Course registration Classes Final exams SUMMER Jul 4, Jul 8, 2011 Jul 11, Aug 20, 2011 Aug 22, 2011-Aug 27, 2011 Course registration Summer classes Final exams 2

6 Academic Authorities Dean, Professor Ekrem ERDEM, Vice Dean, Assist. Prof. Murat ESMERAY, Vice Dean, Assist. Prof. Talip TORUN, DEPARTMENTS 1. BUSINESS Chair: Professor Osman UNUTULMAZ Head of Accounting and Finance Studies, Professor İ. Hakkı SÖNMEZ Head of Management and Organization Studies, Professor Asuman AKDOĞAN Head of Production Management and Marketing Studies, Professor Filiz ÇALIŞKAN Head of Quantitative Methods Studies, Head of Trade Law, Assist. Prof. Ahmet DOĞAN 2. ECONOMICS Chair: Professor Hayriye ATİK Head of Economic Policy Studies, Professor Ekrem ERDEM Head of Economic Theory and History Studies, Professor Mustafa SAATÇİ Head of Economic Development and International Economics Studies, Prof. Hayriye ATİK 3. PUBLIC FINANCE Chair: Assist. Prof. Ali DEĞİRMENDERELİ Head of Theory of Public Finance Studies, Assist. Prof. Ali DEĞİRMENDERELİ Head of Public-Finance Law Studies, Lecturer Ahmet SOMUNCU 3

7 Head of Economics of Public Finance Studies, Assist. Prof. Aytekin ALTIPARMAK 4. INTERNATIONAL RELATIONS Chair: Professor Ekrem ERDEM Head of International Law and Organizations, Assoc. Prof. Nejat DOĞAN Head of International Relations, Assoc. Prof. Hakkı BÜYÜKŞ Head of Diplomatic History, Assist. Prof. Mehmet ÖCAL 5. POLITICAL SCIENCE AND PUBLIC ADMINISTRATION Chair: Professor Haluk ALKAN Head of Political and Social Sciences, Professor Haluk ALKAN Head of Urbanization and Environmental Problems, Assoc. Prof. Dr. Mustafa DEMİRCİ Head of Law Sciences, Assist. Prof. Dr. Müzeyyen EROĞLU FACULTY BOARD President Member Member Member Member Member Member Member Member Member Professor Ekrem ERDEM Professor Hayriye ATİK Professor Osman UNUTULMAZ Professor Haluk ALKAN Professor Faik BİLGİLİ Professor M. Ali BİLGİNOĞLU Professor Asuman AKDOĞAN Assoc. Professor Hakkı BÜYÜKŞ Assoc. Professor Nisfet UZAY Assist. Professor Mehmet ÖCAL 4

8 Member Assist. Prof. Ali DEĞİRMENDERELİ FACULTY ADMINISTRATIVE BOARD President Member Member Member Member Member Member Professor Ekrem ERDEM Professor Haluk ALKAN Professor Hayriye ATİK Professor Osman UNUTULMAZ Assoc. Professor Azzem ÖZKAN Assoc. Professor Levent ÇITAK Assist. Professor Ali DEĞİRMENDERELİ 5

9 General Description of the Institution The Faculty of Economics and Administrative Sciences, a non-profit state institution, is one of the oldest and most prestigious faculties of Erciyes University. It started education on January 7, 1980 with 75 students enrolled in the department of business. Currently, a total of 2800 students are in its undergraduate programs. The Faculty provides education in a way that aims at fostering students critical and analytical thinking skills and thus having them equipped with the capabilities necessary for active participation in the global professional life. As of 2004 fall semester, the faculty employs a total of 65 academic staff: 15 professors, 6 associate professors, 14 assistant professors, 30 research and teaching assistants. 23 of the academic staff have gained their undergraduate and graduate degrees from the universities in USA, England, France and Germany. The Faculty offers three undergraduate programs each with a length of four years: business, economics, and public finance. Students take the English Proficiency Exam prior to the freshman class. Those who pass this test are entitled to directly attend classes in their respective programs. However, those who fail the Proficiency Test are required to attend a one-year preparatory English program at the School of Foreign Languages. As a follow-up to the English preparatory education, students also take various English courses throughout their studies at the faculty such as: Advanced English, Translation from English to Turkish, Translation from Turkish to English, and Written Communication in English. The rich curricula of the faculty, the detailed contents of which are to be presented in the forthcoming sections, consist of standard must courses and a smorgasbord of elective courses to meet the student s needs and interests. In some elective courses the medium of instruction is English. The departments of business and economics offer day-time classes as well as evening classes, whereas the department of public finance, which is relatively a new program, currently offers only day classes. 6

10 List of Degree Programs Offered The departments of business, economics, and public finance offer Bachelor of Arts degree (B.A.). The Faculty also offers masters (M.A.) and doctorate (Ph.D.) programs in cooperation with the University s Institute of Social Sciences. The degree programs are as follows: B.A. in Economics, B.A. in Business, B.A. in Public Finance. M.A. in Economics, M.A. in Business. Ph.D. in Economics Policy, Ph.D. in Economic Development and International Economics, Ph.D in Theory and History of Economics, Ph.D. in Accounting and Finance, Ph.D. in Production Management and Marketing, Ph.D. in Management and Organization. 7

11 Admission / Registration Procedures The candidates are obliged to submit the diplomas and the documents certifying that the requirements to be mentioned in section INFORMATION ON DEGREE PROGRAM, Admission Requirements are fulfilled. 8

12 Main University Regulations The three major regulations are 1) Education and Exam Regulations of Erciyes University, 2) Regulations Concerning the Enrollment of the Graduates of Two-Year Vocational Colleges in the Four-Year Undergraduate Programs, and 3) Regulations Concerning Horizontal Transfer at Undergraduate Level Among Higher Education Institutions. 9

13 ECTS Contact Persons Faculty Coordinator Selen OFLAZER Department Contact Persons Business Ergün KÜÇÜK, Economics Cüneyt DUMRUL, 10

14 Qualifications Awarded Qualifications awarded are in economics, business and public finance, MA in economics and business, and PhD in economics and business. Students who gain degree from the faculty s undergraduate programs have employment opportunities in the fields such as banking, manufacturing, insurance, advertisement, tourism and public service. Those who gain MA degree from the faculty s masters programs are generally the employees in the public and private sectors who seek to improve their personal capabilities and skills in their fields of work. The student profile of the doctorate programs, on the other hand, is generally composed of research assistants of faculties or those individuals who intend to gain advanced research skills in their fields of interest 11

15 Admission Requirements Admission Requirements to the Undergraduate Programs: Admission requirements common to all three undergraduate programs are as follows: 1)high school diploma, 2)placement to one of the programs by ÖSYM 1. 3)completion of (or exemption from) English proficiency education given by the School of Foreign Languages. Admission Requirements to the Master s Programs: 1) DIPLOMA: An undergraduate (4-year) diploma. 2) POSTGRADUATE EDUCATION ENTRANCE EXAMINATION (ALES): ALES score of at least 50 points. 3) GRADE POINT AVERAGE (GPA): A GPA of at least 55 out of 100 points or its equivalent in the undergraduate program. 4) FOREIGN LANGUAGE PROFICIENCY SCORE: KPDS 2, ÜDS 3, TOEFL or IELTS score is included in the calculation of average overall score, but no minimum score is required. 5) AVERAGE OVERALL SCORE: It is calculated by taking %60 of the LES Score, %20 of the grade point average and %20 of the foreign language proficiency score A minimum of 50 points is required. 6) The candidates for each master s program who fulfill the above requirements are rank ordered in terms of their average overall scores. The top 15 candidates are admitted. Admission Requirements to the Doctorate Programs: 1) DIPLOMA: An undergraduate (4-year) diploma or master s diploma. 2) POSTGRADUATE EDUCATION ENTRANCE EXAMINATION (LES): A LES score of at least 50 points for applicants with undergraduate diploma. A LES score of at least 55 points for applicants with master s diploma. 3) GRADE POINT AVERAGE: A GPA of at least 75 out of 100 points or its equivalent for applicants with master s diploma. A GPA of at least 65 out of 100 points or its equivalent for applicants with undergraduate diploma. 1 Turkish Student Selection and Placement Center 2 Foreign Language Proficiency Examination for State Employees 3 Interuniversity Board Foreign Language Examination 12

16 4) FOREIGN LANGUAGE PROFICIENCY SCORE: ÜDS or KPDS score of at least 50 points or TOEFL score of at least 173 points irrespective of candidate s diploma. 5) AVERAGE OVERALL SCORE: It is calculated by taking %60 of the LES Score, %20 of the grade point average and %20 of the foreign language proficiency score. A minimum of 50 points is required. 6) The candidates for each doctorate program who fulfill the above requirements are rank ordered in terms of their average overall scores. The top 4 candidates are admitted. The above mentioned requirements for full enrolment in the degree programs apply to the students who are the citizens of Turkey and to the foreign students who have gained a diploma from a university in Turkey. The foreign student with a diploma from a university abroad has to submit YÖK 4 s certificate of recognition for his/her diploma and the certificate of proficiency in Turkish from TÖMER 5. The exchange student who intends only to take some courses from one or more of the above degree programs, are subject to the requirements to be stipulated in the bilateral agreements between our faculty and his/her university. 4 Higher Education Council of Turkey. 5 Ankara University Turkish and Foreign Language Research and Application Center. 13

17 Educational and Professional Goals Our long run goal is to evolve into one of the most prominent faculties in Turkey with its transparent administration that values exchange of views with the academic and administrative units at all levels and that makes its decisions in accordance with the principles solidified through past experiences, with its qualified staff that perform their duties under an atmosphere of close collaboration as well as productive competition, that not only keep up with the literature in their fields of study but also contribute to it by means of the publications they make and that bolster the development of the regional industry by carrying on the relevant research activities and educational services, with its students who are conscious of the fact that the administration is always considerate towards their complaints, demands and opinions, who believe that they are being well educated, who are well aware of their strengths and weaknesses, who can think critically rather than memorize and readily accept whatever facts and knowledge they are formally taught, who can, through their intellectual curiosity and professional skills, identify and find out the correct solutions to problems, last but not least, who know that learning is a life long process in which they must take part permanently. The steps that our faculty is resolved to take so as to achieve the above mentioned goals are to provide our students with a good theoretical background in terms of curricula continually updated to the world standards and support the eduacational activities by organizing visits to the regional firms and inviting experienced guest lecturers or experts therefrom to our classes, to hold periodical meetings with the students to exchange information about their complaints and demands as well as the future plans of the administration, and thus to strengthen the students sense of belonging to our school, to set the grounds and the means for enabling the students to gain the additional practical qualifications that are required in real life by organizing certificate courses geared towards the needs of the business world in cooperation with the experts from the field, to encourage the students to participate in the clubs for social activities and to give them every support within our capacity, believing that sharing both responsibility and success in teamwork awards them with self confidence and this, in turn, facilitates their adaptation to the business world, and to establish close cooperation with the regional industry. 14

18 Access to Further Studies After receiving their first-cycle degrees, graduates of the faculty may apply to the Institute of Social Sciences to study towards their second-cycle degrees. Applicants coming from other disciplines such as engineering, history and foreign language have to attend the Institute s one year Preparatory Program to become eligible for taking master s and doctorate courses. 15

19 Course Structure Diagram with Credits DEPARTMENT OF BUSINESS PROGRAM CODE COURSE NAME S / Y COURSE TYPE COURSE STATUS LECTURED IN COURSE LEVEL LOCAL CREDIT ECTS CREDIT BUS 101 Behavioral Sciences I Fall / 1 Related Must Turkish Basic 3 4 BUS 103 Introduction to Accounting Fall / 1 Core Must Turkish Basic 3 4 SRV 109 Mathematics I Fall / 1 Related One of them Turkish Basic 3 4 SRV 111 Mathematics I Fall / 1 Related must be elected English Basic 3 4 BUS 109 Introduction to Law Fall / 1 Related Must Turkish Basic 3 4 ECON 101 Introduction to Economics I Fall / 1 Core Must Turkish Basic 3 4 SRV 113 SRV 105 Business Computing Laboratory I Advanced English I Fall / 1 Fall / 1 Related Related Either one or both may be elected Turkish Basic 3 4 Turkish and English Intermediate 3 4 SRV 101 Turkish I Fall / 1 Minor Must Turkish Basic 3 3 SRV 103 History of Turkish Revolution I Fall / 1 Minor Must Turkish Basic 3 3 BUS 102 Behavioral Sciences II Spring / 1 Related Must Turkish Basic 3 4 BUS 104 Financial Accounting I Spring / 1 Core Must Turkish Basic 3 4 SRV 110 Mathematics II Spring / 1 Related One of them Turkish Basic 3 4 SRV 112 Mathematics II Spring / 1 Related must be elected English Basic 3 4 BUS 110 Obligation Law Spring / 1 Related Must Turkish Basic 3 4 ECON 102 Introduction to Economics II Spring / 1 Core Must Turkish Basic 3 4 SRV 114 Business Computing Laboratory II Spring / 1 Related Either one or both may be Turkish Basic

20 SRV 106 Advanced English II Spring / 1 Related elected Turkish and English Intermediate 3 4 SRV 102 Turkish II Spring / 1 Minor Must Turkish Basic 3 3 SRV 104 History of Turkish Revolution II Spring / 1 Minor Must Turkish Basic 3 3 BUS 201 Introduction to Business Fall / 2 Core Must Turkish Basic 3 5 SRV 207 Statistics I Fall / 2 Related One of them Turkish Basic 3 5 SRV 211 Statistics I Fall / 2 Related must be elected English Basic 3 5 BUS 207 Introduction to Marketing Fall / 2 Core One of them Turkish Basic 3 5 BUS 209 Introduction to Marketing Fall / 2 Core must be elected English Basic 3 5 BUS 211 Operations Research I Fall / 2 Related One of them Turkish Basic 3 5 BUS 213 Operations Research I Fall / 2 Related must be elected English Basic 3 5 BUS 215 Law of Commerce I Fall / 2 Related Must Turkish Basic 3 5 BUS 219 Financial Accounting II Fall / 2 Core Elective Turkish Intermediate 3 5 ECON 205 Microeconomics Fall / 2 Core Elective Turkish Basic 3 5 SRV 201 Translation into Turkish I Fall / 2 Related Elective Turkish and English Intermediate 3 5 BUS 202 Business Management Spring / 2 Core Must Turkish Basic 3 5 SRV 208 Statistics II Spring / 2 Related One of them Turkish Basic 3 5 SRV 212 Statistics II Spring / 2 Related must be elected English Basic 3 5 BUS 208 Organizational Behavior Spring / 2 Core Must Turkish Intermediate 3 5 BUS 212 Operations Research II Spring / 2 Related One of them Turkish Basic 3 5 BUS 214 Operations Research II Spring / 2 Related must be elected English Basic 3 5 BUS 216 Law of Commerce II Spring / 2 Related Must Turkish Basic 3 5 BUS 210 Marketing Management Spring / 2 Core Elective Turkish Intermediate 3 5 BUS 218 Sectorel Accounting Spring / 2 Core Elective Turkish Intermediate 3 5 ECON 206 Macroeconomics Spring / 2 Core Elective Turkish Basic 3 5 ECON 319 Public Finance Spring / 2 Minor Elective Turkish Basic 3 5 SRV 202 Translation into Turkish II Spring / 2 Related Elective Turkish and English Intermediate 3 5 BUS 301 Production Management I Fall / 3 Core Must Turkish Basic 3 5 BUS 303 Corporate Finance Fall / 3 Core One of them Turkish Basic 3 5 BUS 305 Corporate Finance Fall / 3 Core must be elected English Basic

21 BUS 315 Cost Accounting I Fall / 3 Core Must Turkish Intermediate 3 5 SRV 303 Research Methods Fall / 3 Related Must Turkish Basic 3 5 BUS 307 Human Resource Management Fall / 3 Core Elective Turkish Intermediate 3 5 BUS 309 Managerial Economics Fall / 3 Core Elective Turkish Basic 3 5 BUS 311 Marketing Channels Fall / 3 Core Elective Turkish Intermediate 3 5 BUS 313 Marketing Channels Fall / 3 Core Elective English Intermediate 3 5 BUS 317 Business Organization Fall / 3 Core Elective Turkish Intermediate 3 5 SRV 305 Computer Aided Modelling Fall / 3 Related Elective Turkish Intermediate 3 5 SRV 301 Translation into English I Fall / 3 Related Elective English and Turkish Intermediate 3 5 BUS 302 Production Management II Spring / 3 Core Must Turkish Basic 3 5 BUS 304 Financial Management Spring / 3 Core One of them Turkish Basic 3 5 BUS 306 Financial Management Spring / 3 Core must be elected English Basic 3 5 BUS 316 Cost Accounting II Spring / 3 Core Must Turkish Intermediate 3 6 BUS 312 Promotion Spring / 3 Core Elective Turkish Intermediate 3 5 BUS 314 Promotion Spring / 3 Core Elective English Intermediate 3 5 BUS 318 Capital Markets Spring / 3 Core Elective Turkish Basic 3 5 BUS 320 Productivity Management Spring / 3 Core Elective Turkish Basic 3 5 ECON 303 Money and Banking Spring / 3 Minor Elective Turkish Basic 3 5 ECON 305 Money and Banking Spring / 3 Minor Elective English Basic 3 5 ECON 314 Transactions and Foreign Trade Spring / 3 Minor Elective Turkish Basic 3 5 PFIN 312 Tax Law Spring / 3 Minor Elective Turkish Basic 3 5 SRV 302 Translation into English II Spring / 3 Related Elective English and Turkish Intermediate 3 5 BUS 401 Marketing Research Fall / 4 Core Elective Turkish Intermediate 3 5 BUS 403 Marketing Research Fall / 4 Core Elective English Intermediate 3 5 BUS 405 Auditing Fall / 4 Core Elective Turkish Intermediate 3 5 BUS 407 Consumer Behavior Fall / 4 Core Elective Turkish Intermediate 3 5 BUS 409 Public Administration Fall / 4 Minor Elective Turkish Basic 3 5 BUS 411 Decision Theory Fall / 4 Core Elective Turkish Basic 3 5 BUS 413 Evaluation of Financial Securities Fall / 4 Core Elective Turkish Basic

22 BUS 415 Law of Labour Fall / 4 Related Elective Turkish Basic 3 5 SRV 403 Data Sharing and Information Networks Fall / 4 Related Elective Turkish Basic 3 5 BUS 419 Investment Project Analysis Fall / 4 Core Elective Turkish Basic 3 5 BUS 421 International Finance Fall / 4 Core Elective Turkish Basic 3 5 PFIN 417 Turkish Tax System Fall / 4 Minor Elective Turkish Basic 3 5 BUS 423 Managerial Accounting Fall / 4 Core Elective Turkish Intermediate 3 5 SRV 401 Business Communication in English Fall / 4 Related Elective English and Turkish Intermediate 3 5 BUS 402 Business Policy Spring / 4 Core Must Turkish Basic 3 5 BUS 404 International Marketing Spring / 4 Core Elective Turkish Intermediate 3 5 BUS 406 International Marketing Spring / 4 Core Elective English Intermediate 3 5 BUS 408 Tax Accounting Spring / 4 Core Elective Turkish Intermediate 3 5 BUS 410 Quality Control Spring / 4 Core Elective Turkish Basic 3 5 BUS 414 Analysis of Financial Statements Spring / 4 Core Elective Turkish Intermediate 3 5 BUS 416 Public Relations Spring / 4 Core Elective Turkish Basic 3 5 BUS 418 Current Issues in Business Spring / 4 Core Elective Turkish Basic 3 5 BUS 420 Computer Aided Accounting Spring / 4 Core Elective Turkish Basic 3 5 BUS 422 Retailing Spring / 4 Core Elective Turkish Intermediate 3 5 ECON 315 Turkish Economy Spring / 4 Minor Elective Turkish Basic 3 5 ECON 414 Science and Technologic Policy Spring / 4 Minor Elective Turkish Basic 3 5 ECON 420 International Economics Spring / 4 Minor Elective Turkish Basic 3 5 ECON 422 International Economics Spring / 4 Minor Elective English Basic 3 5 SRV 402 Conversation in English Spring / 4 Related Elective English Intermediate 3 5 SRV 404 Web Site Design Spring / 4 Related Elective Turkish Basic

23 DEPARTMENT OF ECONOMICS PROGRAM CODE COURSE NAME S / Y COURSE TYPE COURSE STATUS LECTURED IN COURSE LEVEL LOCAL CREDIT ECTS CREDIT ECON 101 Introduction to Economics I Fall / 1 Core Must Turkish Basic 3 4 BUS 103 Introduction to Accounting Fall / 1 Core Must Turkish Basic 3 4 SRV 109 Mathematics I Fall / 1 Related One of them Turkish Basic 3 4 SRV 111 Mathematics I Fall / 1 Related must be elected English Basic 3 4 BUS 109 Introduction to Law Fall / 1 Related Must Turkish Basic 3 4 SRV 107 Introduction to Social Sciences Fall / 1 Related Must Turkish Basic 3 4 SRV 113 SRV 105 Business Computing Laboratory I Advanced English I Fall / 1 Fall / 1 Related Related Either one or both may be elected Turkish Basic 3 4 Turkish and Intermediate 3 4 English SRV 101 Turkish I Fall / 1 Minor Must Turkish Basic 3 3 SRV 103 History of Turkish Revolution I Fall / 1 Minor Must Turkish Basic 3 3 ECON 102 Introduction to Economics II Spring / 1 Core Must Turkish Basic 3 4 BUS 104 Financial Accounting I Spring / 1 Core Must Turkish Basic 3 4 SRV 110 Mathematics II Spring / 1 Related One of them Turkish Basic 3 4 SRV 112 Mathematics II Spring / 1 Related must be elected English Basic 3 4 BUS 110 Obligation Law Spring / 1 Related Must Turkish Basic 3 4 BUS 201 Introduction to Business Spring / 1 Core Must Turkish Basic 3 4 SRV 114 SRV 106 Business Computing Laboratory II Advanced English I Spring / 1 Spring / 1 Related Related Either one or both may be elected Turkish Basic 3 4 Turkish and Intermediate 3 4 English 20

24 SRV 102 Turkish II Spring / 1 Core Must Turkish Basic 3 3 SRV 104 History of Turkish Revolution II Spring / 1 Core Must Turkish Basic 3 3 ECON 201 Microeconomics I Fall / 2 Core One of them Turkish Intermediate 3 5 ECON 207 Microeconomics I Fall / 2 Core must be elected English Intermediate 3 5 ECON 203 Macroeconomics I Fall / 2 Core One of them Turkish Intermediate 3 5 ECON 209 Macroeconomics I Fall / 2 Core must be elected English Intermediate 3 5 SRV 207 Statistics I Fall / 2 Related One of them Turkish Basic 3 5 SRV 211 Statistics I Fall / 2 Related must be elected English Basic 3 5 BUS 215 Business Law I Fall / 2 Related Must Turkish Basic 3 5 ECON 211 Economic Systems Fall / 2 Core Elective Turkish Basic 3 5 BUS 101 Behavioral Sciences I Fall / 2 Related Elective Turkish Basic 3 5 BUS 202 Business Management Fall / 2 Minor Elective Turkish Basic 3 5 BUS 219 Financial Accounting II Fall / 2 Minor Elective Turkish Intermediate 3 5 BUS 303 Corporate Finance Fall / 2 Minor Elective Turkish Basic 3 5 BUS 305 Corporate Finance Fall / 2 Minor Elective English Basic 3 5 SRV 201 Translation into Turkish I Fall / 2 Related Elective Turkish and English Intermediate 3 5 ECON 202 Microeconomics II Spring / 2 Core One of them Turkish Intermediate 3 5 ECON 208 Microeconomics II Spring / 2 Core must be elected English Intermediate 3 5 ECON 204 Macroeconomics II Spring / 2 Core One of them Turkish Intermediate 3 5 ECON 210 Macroeconomics II Spring / 2 Core must be elected English Intermediate 3 5 SRV 208 Statistics II Spring / 2 Related One of them Turkish Basic 3 5 SRV 212 Statistics II Spring / 2 Related must be elected English Basic 3 5 BUS 216 Business Law II Spring / 2 Related Must Turkish Intermediate 3 5 ECON 212 Methodology in Economics Spring / 2 Core Elective Turkish Basic 3 5 BUS 208 Organizational Behavior Spring / 2 Related Elective Turkish Basic 3 5 BUS 207 Introduction to Marketing Spring / 2 Minor Elective Turkish Basic

25 BUS 209 Introduction to Marketing Spring / 2 Minor Elective English Basic 3 5 BUS 304 Financial Management Spring / 2 Minor Elective Turkish Basic 3 5 BUS 306 Financial Management Spring / 2 Minor Elective English Basic 3 5 BUS 315 Cost Accounting I Spring / 2 Minor Elective Turkish Intermediate 3 5 SRV 202 Translation into Turkish II Spring / 2 Related Elective Turkish and English Intermediate 3 5 ECON 301 International Economics I Fall / 3 Core Must Turkish Intermediate 3 5 ECON 303 Money and Banking Fall / 3 Core One of them Turkish Basic 3 5 ECON 305 Money and Banking Fall / 3 Core must be elected English Basic 3 5 ECON 315 Turkish Economy Fall / 3 Core Must Turkish Basic 3 5 ECON 319 Public Finance Fall / 3 M Must Turkish Basic 3 5 ECON 307 Mathematical Economics I Fall / 3 Core Elective Turkish Intermediate 3 5 ECON 308 Mathematical Economics I Fall / 3 Core Elective English Intermediate 3 5 ECON 311 History of Ottoman Economy Fall / 3 Core Elective Turkish Basic 3 5 ECON 313 Productivity Fall / 3 Core Elective Turkish Basic 3 5 ECON 317 Industrial Economics Fall / 3 Core Elective Turkish Basic 3 5 BUS 309 Managerial Economics Fall / 3 Core Elective Turkish Basic 3 5 SRV 301 Translation into English I Fall / 3 Related Elective English and Turkish Intermediate 3 5 SRV 305 Computer Aided Modelling Fall / 3 Related Elective Turkish Intermediate 3 5 ECON 302 International Economics II Spring / 3 Core Must Turkish Intermediate 3 5 ECON 304 Monetary Policy Spring / 3 Core One of them Turkish Basic 3 5 ECON 306 Monetary Policy Spring / 3 Core must be elected English Basic 3 5 ECON 318 Budget Spring / 3 Minor Must Turkish Basic 3 5 SRV 303 Research Methods Spring / 3 Related Must Turkish Basic 3 5 ECON 308 Mathematical Economics II Spring / 3 Core Elective Turkish Intermediate 3 5 ECON 310 Mathematical Economics II Spring / 3 Core Elective English Intermediate 3 5 ECON 312 Agricultural Economics Spring / 3 Core Elective Turkish Basic 3 5 ECON 314 Transactions in Foreign Spring / 3 Minor Elective Turkish Basic

26 Trade ECON 316 Applied Turkish Economy Spring / 3 Core Elective Turkish Basic 3 5 BUS 210 Marketing Management Spring / 3 Minor Elective Turkish Intermediate 3 5 PFIN 312 Tax Law Spring / 3 Minor Elective Turkish Basic 3 5 SRV 302 Translation into English II Spring / 3 Related Elective English and Turkish Intermediate 3 5 ECON 401 History of Economic Thought Fall / 4 Core Must Turkish Basic 3 5 ECON 403 Development Economics Fall / 4 Core Must Turkish Basic 3 5 ECON 405 ECON 407 Introduction to Econometrics I Introduction to Econometrics I Fall / 4 Core One of them Turkish Intermediate 3 5 must be Fall / 4 Core elected English Intermediate 3 5 ECON 409 Current Economic Issues Fall / 4 Core Elective Turkish Basic 3 5 ECON 413 Environmental Economics Fall / 4 Core Elective Turkish Basic 3 5 ECON 415 Exchange Market Fall / 4 Core Elective Turkish Basic 3 5 ECON 417 Exchange Market Fall / 4 Core Elective English Basic 3 5 ECON 419 Balance of Payments Analysis Fall / 4 Core Elective Turkish Basic 3 5 BUS 318 Capital Markets Fall / 4 Minor Elective Turkish Basic 3 5 BUS 408 Tax Accounting Fall / 4 Minor Elective Turkish Intermediate 3 5 BUS 419 Investment Project Analysis Fall / 4 Minor Elective Turkish Basic 3 5 BUS 420 Computer Aided Accounting Fall / 4 Minor Elective Turkish Basic 3 5 ECON 421 Fiscal Policy Fall / 4 Minor Elective Turkish Intermediate 3 5 PFIN 417 Turkish Tax System Fall / 4 Minor Elective Turkish Basic 3 5 SRV 401 Business Communication in English Fall / 4 Related Elective English and Turkish Intermediate 3 5 SRV 403 Data Sharing and Information Networks Fall / 4 Related Elective Turkish Basic 3 5 ECON 402 Economic Policy Spring / 4 Core Must Turkish Basic 3 5 ECON 404 International Economic Integrations Spring / 4 Core Must Turkish Basic

27 ECON 406 ECON 408 Introduction to Econometrics II Introduction to Econometrics II Spring / 4 Core One of them Turkish Intermediate 3 5 must be Spring / 4 Core elected English Intermediate 3 5 ECON 410 Service Economics Spring / 4 Core Elective Turkish Basic 3 5 ECON 412 Growth Theories Spring / 4 Core Elective Turkish Basic 3 5 ECON 414 Science and Technology Policy Spring / 4 Core Elective Turkish Basic 3 5 ECON 416 Social Security Policy Spring / 4 Core Elective Turkish Basic 3 5 ECON 418 Labor Economics Spring / 4 Core Elective Turkish Basic 3 5 ECON 424 Regional Development Spring / 4 Core Elective Turkish Basic 3 5 BUS 218 Accounting in Service Sector Spring / 4 Minor Elective Turkish Intermediate 3 5 BUS 404 International Marketing Spring / 4 Minor Elective Turkish Intermediate 3 5 BUS 406 International Marketing Spring / 4 Minor Elective English Intermediate 3 5 BUS 409 Public Administration Spring / 4 Minor Elective Turkish Basic 3 5 SRV 402 Conversation in English Spring / 4 Related Elective English Intermediate 3 5 SRV 404 Web Site Design Spring / 4 Related Elective Turkish Basic

28 DEPARTMENT OF PUBLIC FINANCE PROGRAM CODE COURSE NAME S / Y COURSE TYPE COURSE STATUS LECTURED IN COURSE LEVEL LOCAL CREDIT ECTS CREDIT ECON 101 Introduction to Economics I Fall / 1 Core Must Turkish Basic 3 4 BUS 103 Introduction to Accounting Fall / 1 Core Must Turkish Basic 3 4 SRV 109 Mathematics I Fall / 1 Related One of them Turkish Basic 3 4 SRV 111 Mathematics I Fall / 1 Related must be elected English Basic 3 4 BUS 109 Introduction to Law Fall / 1 Related Must Turkish Basic 3 4 SRV 107 Introduction to Social Sciences Fall / 1 Related Must Turkish Basic 3 4 SRV 113 SRV 105 Business Computing Laboratory I Advanced English I Fall / 1 Fall / 1 Related Related Either one or both may be elected Turkish Basic 3 4 Turkish and Intermediate 3 4 English SRV 101 Turkish I Fall / 1 Minor Must Turkish Basic 3 3 SRV 103 History of Turkish Revolution I Fall / 1 Minor Must Turkish Basic 3 3 ECON 102 Introduction to Economics II Spring / 1 Core Must Turkish Basic 3 4 BUS 104 Financial Accounting I Spring / 1 Core Must Turkish Basic 3 4 SRV 110 Mathematics II Spring / 1 Related One of them Turkish Basic 3 4 SRV 112 Mathematics II Spring / 1 Related must be elected English Basic 3 4 BUS 110 Obligation Law Spring / 1 Related Must Turkish Basic 3 4 BUS 201 Introduction to Business Spring / 1 Core Must Turkish Basic 3 4 SRV 114 Business Computing Either one or Spring / 1 Related Laboratory II both may be Turkish Basic 3 4 SRV 106 Advanced English II Spring / 1 Related elected Turkish and Intermediate

29 English SRV 102 Turkish II Spring / 1 Minor Must Turkish Basic 3 3 SRV 104 History of Turkish Revolution II Spring / 1 Minor Must Turkish Basic 3 3 MLY 201 Fiscal Theory I Fall / 2 Core Must Turkish Basic 3 5 ECON 205 Microeconomics Fall / 2 Core Must Turkish Basic 3 5 SRV 207 Statistics I Fall / 2 Related One of them Turkish Basic 3 5 SRV 211 Statistics I Fall / 2 Related must be elected English Basic 3 5 BUS 215 Business Law I Fall / 2 Related Must Turkish Basic 3 5 BUS 202 Business Management Fall / 2 Minor Elective Turkish Basic 3 5 BUS 207 Introduction to Marketing Fall / 2 Minor Elective Turkish Basic 3 5 BUS 209 Introduction to Marketing Fall / 2 Minor Elective English Basic 3 5 BUS 219 Financial Accounting II Fall / 2 Minor Elective Turkish Intermediate 3 5 BUS 303 Corporate Finance Fall / 2 Minor Elective Turkish Basic 3 5 BUS 305 Corporate Finance Fall / 2 Minor Elective English Basic 3 5 SRV 201 Translation into Turkish I Fall / 2 Related Elective Turkish and English Intermediate 3 5 MLY 201 Fiscal Theory II Spring / 2 Core Must Turkish Basic 3 5 ECON 206 Macroeconomics Spring / 2 Core Must Turkish Basic 5 SRV 208 Statistics II Spring / 2 Related One of them Turkish Basic 3 5 SRV 212 Statistics II Spring / 2 Related must be elected English Basic 3 5 BUS 216 Business Law II Spring / 2 Related Must Turkish Basic 3 5 PFIN 204 Fiscal Institutions Spring / 2 Core Elective Turkish Basic 3 5 PFIN 206 Government Accounting Spring / 2 Core Elective Turkish Basic 3 5 BUS 222 Constitutional Law Spring / 2 Related Elective Turkish Basic 3 5 BUS 315 Cost Accounting I Spring / 2 Minor Elective Turkish Intermediate 3 5 SRV 202 Translation into Turkish II Spring / 2 Related Elective Turkish and English Intermediate 3 5 MLY 301 Tax Law I Fall / 3 Core Must Turkish Basic

30 MLY 303 Budget I Fall / 3 Core Must Turkish Basic 3 5 MLY 305 Public Economics Fall / 3 Core Must Turkish Basic 3 5 ECON 303 Money and Banking Fall / 3 Minor One of them Turkish Basic 3 5 ECON 305 Money and Banking Fall / 3 Minor must be elected English Basic 3 5 ECON 301 International Economics I Fall / 3 Minor Elective Turkish Basic 3 5 ECON 315 Turkish Economy Fall / 3 Minor Elective Turkish Basic 3 5 BUS 319 Administrative Law Fall / 3 Related Elective Turkish Intermediate 3 5 SRV 301 Translation into English I Fall / 3 Related Elective English and Turkish Intermediate 3 5 SRV 305 Computer Aided Modelling Fall / 3 Related Elective Turkish Intermediate 3 5 MLY 302 Tax Law II Spring / 3 Core Must Turkish Basic 3 5 MLY 304 Budget II Spring / 3 Core Must Turkish Basic 3 5 MLY 306 Fiscal Systems Of Local Governments Spring / 3 Core Must Turkish Basic 3 5 SRV 303 Research Methods Spring / 3 Related Must Turkish Basic 3 5 ECON 302 International Economics II Spring / 3 Minor Elective Turkish Basic 3 5 ECON 304 Monetary Policy Spring / 3 Minor One of them Turkish Basic 3 5 ECON 306 Monetary Policy Spring / 3 Minor must be elected English Basic 3 5 BUS 318 Capital Markets Spring / 3 Minor Elective Turkish Basic 3 5 SRV 302 Translation into English II Spring / 3 Related Elective English and Turkish Intermediate 3 5 PFIN 401 Fiscal Policy I Fall / 4 Core Must Turkish Basic 3 5 PFIN 403 Government Auditing Fall / 4 Core Must Turkish Basic 3 5 PFIN 405 Turkish Tax System I Fall / 4 Core Must Turkish Basic 3 5 PFIN 407 Government Debt Fall / 4 Core Must Turkish Basic 3 5 PFIN 409 Treasury Transactions Fall / 4 Core Elective Turkish Basic 3 5 PFIN 411 History of Public Finance Fall / 4 Core Elective Turkish Basic 3 5 PFIN 413 Public Enterprises Fall / 4 Core Elective Turkish Basic 3 5 ECON 403 Development Economics Fall / 4 Minor Elective Turkish Basic

31 ECON 405 ECON 407 SRV 403 Introduction to Econometrics I Introduction to Econometrics I Data Sharing and Information Networks Fall / 4 Minor Elective Turkish Intermediate 3 5 Fall / 4 Minor Elective English Intermediate 3 5 Fall / 4 Related Elective Turkish Basic 3 5 BUS 420 Computer Aided Accounting Fall / 4 Minor Elective Turkish Basic 3 5 SRV 401 Business Communication in English Fall / 4 Related Elective English and Turkish Intermediate 3 5 PFIN 402 Fiscal Policy II Spring / 4 Core Must Turkish Basic 3 5 PFIN 406 Turkish Tax System II Spring / 4 Core Must Turkish Basic 3 5 PFIN 408 The Theory and Policy of Taxation Spring / 4 Core Must Turkish Basic 3 5 PFIN 404 International Public Finance Spring / 4 Core Elective Turkish Basic 3 5 PFIN 410 Social Security Funds Spring / 4 Core Elective Turkish Basic 3 5 ECON 406 ECON 408 Introduction to Econometrics II Introduction to Econometrics II Spring / 4 Minor Elective Turkish Intermediate 3 5 Spring / 4 Minor Elective English Intermediate 3 5 ECON 418 Labor Economics Spring / 4 Minor Elective Turkish Basic 3 5 BUS 408 Tax Accounting Spring / 4 Minor Elective Turkish Intermediate 3 5 SRV 404 Web Site Design Spring / 4 Related Elective Turkish Basic 3 5 BUS 414 Analysis of Financial Statements Spring / 4 Minor Elective Turkish Intermediate 3 5 SRV 402 Conversation in English Spring / 4 Related Elective English Intermediate

32 Final Test, if any No final test is required in any of the programs. 29

33 Examination and Assessment Regulations Attendance to classes: It is compulsory to attend at least 80% of the classes in all of the degree programs. Exams and Course Grade: The course grade will be based upon the performance of the student on the midterm exam and the final exam. The weights of the grades received in the midterm and final exams are 0.4 and 0.6 respectively. Properly done homework, project papers and active class participation will be valued in favor of the student. Passing Course Grades for the courses in the Degree Programs: The curve system which conforms to the European standards is applied only in the undergraduate programs. A letter grade of at least CC is required. A minimum of 50 out of 100 points in the final exam and a minimum course grade of 65 out of 100 points is required in the Master s Program. A minimum of 50 out of 100 points in the final exam and a minimum course grade of 75 out of 100 points is required in the Doctorate Program. Make-up Exams: No make-ups for the final exams. Make-ups for the midterm exams, if ever allowed by the relevant boards, are of greater difficulty because of the greater time given to the student for preparation. Overall Course Grade for the Degree Programs: It is the weighed average of the course grades. The local credits of the courses are used as the weights. 30

34 ECTS Contact Persons Faculty Coordinator Selen OFLAZER Department Contact Persons Business Ergün KÜÇÜK, Economics Cüneyt DUMRUL, 31

35 Description of Individual Course Units Course Code Course Name Program Course Content Basic concepts in behavioral sciences. The four basic disciplines within the context of behavioral sciences. Behavioral sciences that contribute to the study of organizations. The role and BUS 101 Behavioral Sciences I significance of behavioral sciences in practice. Behavioral approaches. The basic individual behavioral model. Needs as the main cause of behaviors. Behavioral patterns. Status and role behaviors. Place and importance of social institutions in human behavior. Communication between people. Groups and culture. Perception: definition of perception, formation process and organization of perception, the factors affecting perception, individualism in perception and perception errors, impact of perception on behaviors, development of perception ability. BUS 102 Behavioral Sciences II Learning: Definition and nature of learning, phases of learning, theories on learning, principles of learning, application of behavioral learning theories on organizations. Personality and ego: basic concepts of personality, definition of personality, measurement and assessment of personality types, the development and importance of personality. Attitudes. Definition, basic concepts and principles of accounting. Balance-sheet and the basic accounting equation. Income statement. The BUS 103 Introduction to Accounting concept of account and accounting transactions. Accounting plans, books and documents. Doubleentry accounting method. An overview of accounting process. Methods of recording merchandise inventory account: Perpetual and periodic inventory methods. Accounts and operation of value added tax. 32

36 Introduction to uniform accounting plan. Asset accounts and records: current and fixed assets. Liability accounts and records: Liabilities and BUS 104 Financial Accounting shareholders' equity. Income statement accounts: Income and expense accounts and records. Inventory transactions. Closing the accounts. Preparation of trial balance, balance-sheet and income statement. Basic topics and concepts. Relations with the other scientific disciplines. Aims and responsibilities of BUS 201 Introduction to Business businesses. Forms of businesses.. Establishment of businesses. Functions of businesses: Production, Marketing, Human Resource Management, Finance and Accounting, Research/ Development, and Public Relations. Basic concepts of business management. Management theories: Classical theory, Neoclassical theory and Modern theory. Characteristics of management activities. BUS 202 Business Management Management by objectives. Management by exceptions. Functions of management: Planning, organising, execution, coordination, decision and supervision. Current topics in the field of management: lean organization, kaizen, learning organization etc. Scope and nature of marketing. Global Marketing Environment. Consumer Behavior. Market BUS 207, BUS 209 Intoduction to Marketing segmentation. New product development. Pricing Products. Distribution Channels. Retailing and Wholesaling. Advertising. Direct and on-line Marketing. Organizational Behavior Model. Decisions in organizations: Decision making, types of BUS 208 Organization al Behavior decisions, conditions for making effective decisions, and decisions by groups. Conflicts in organizations: Definition and sources of conflicts, importance of conflicts, sources and consequences of conflicts, management of conflicts and 33

37 emotional aspect of resolving conflicts. Disappointment and satisfaction in organizations. Stress in management of organizations: Individual and organizational stresses, causes and consequences of stresses. Groups and group behavior. Behavioral approaches to individualorganization integration (Prerequisite: BUSS. 102 Behavioral Sciences II). Fundamentals of marketing management. Strategic planning and market planning. Planning the marketing organization. Competition analysis BUS 210 Marketing Management in marketing. Market segmentation and market targeting. Growth strategies in marketing. Competition strategies. Marketing mix decisions. Developing marketing programs. Marketing control. Marketing during periods of economic crisis. Discussions on case studies. The basic properties and the application areas of operations research. The basic elements of linear BUS 211, BUS 213 Operations Research I programming (LP) model. Solution methods: The graphical method and the simplex method. Technical difficulties encountered in LP models. Duality and sensivity analysis. Applications on the real world decision problems. Integer programming model: Positive and zero- BUS 212, BUS 214 Operation Research II one models. Solution methods. Goal programming model. Network analysis. Dynamic programming. Simulation. Applications on the real world decision problems. Commercial enterprise law: the definition of commercial transactions, commercial enterprise and merchant, principles relating to the BUS 215 Law of Commerce I commercial register, commercial account books and running accounts, the types of and provisions applicable to merchant assistants and the intellectual assets of the commercial enterprise. Law of negotiable instruments: the definition of and principles applicable to negotiable 34

38 instruments, types of negotiable instruments and the bills of exchange. End-of-period tranactions: Inventory adjustment entries and valuation of current assets, fixed assets, current liabilities, long-term liabilities and BUS 219 Financial Accounting shareholder's equity. Income and expense accounts. Preparation of basic financial statements: Balance-sheet and Income Statement. Commercial and fiscal profit. Exercises, problems and cases. Prerequisite: BUS Principles of Accounting II. Production Basic concepts of production management. BUS 301 Management Production systems. Plant location. Capacity I planning. Plant layout. Inventory management. Financial planning and control. Financial statements and the techniques used in financial BUS 303, BUS 305 Corporate Finance analysis. Working capital managmenet. Capital structure and weighted average cost of capital. An analysis of a firm's financial condition. Capital structure of a firm and WACC. Investment policy of a firm. The management of fixed assets. Capital budgeting methods: Average BUS BUS 306 Financial Management rate of return, payback period, net present value, internal rate of return methods and profitability index. Sources of long-term financing. Evaluation of risky investment projects. Management of human resources in organizations, the concept and importance of human resources management. Development and organization of human resources management. Basic functions of BUS 307 Human Resource Management human resources management. Scientific disciplines affecting human resources management. Planning Human Resources, Job Analysis, Recruitment, Selection, Orientation, Training and Development, Career Development, Performance Evaluation, Compensation and Benefits, Health and Safety, Communication, Discipline and Industrial Relations. Prerequisite: 35

39 BUS Introduction to Business. The nature of marketing channels. Intermediaries: Retailing and wholesaling. Structures and types of marketing channels. Channel design decisions. BUS BUS 313 Marketing Channels Management of marketing channels. Channel cooperation, conflict and competition. Physical distribution: Transportation, warehousing, inventory control and order processing. (Prerequisite: BUSS. 207 Principles of Marketing or BUSS. 209 Introduction to Marketing). Promotional efforts and communication process. Promotional budget. Promotion mix: Advertising, BUS BUS 314 Promotion personal selling, sales promotion, public relations and publicity. Evaluating the effectiveness of promotional activities. (Prerequisite: BUSS. 207 Principles of Marketing or BUSS. 209 Introduction to Marketing). Financial markets. The relationship between savings and investment. Financial assets: Stocks, bonds, other financial securities. An overview of BUS 318 Capital Markets capital markets: Primary markets, Secondary markets, Intermediaries, Mutual funds, Investment companies. Capital markets and the stock exchange in Turkey. Defining and measuring risk. Capital asset pricing model. Valuation of stocks. Valuation of bonds. Financial Derivatives. Fundamental topics in marketing research. Role of marketing research in managerial decisionmaking. Application areas of marketing research. Marketing research process. Determination of data sources and sampling techniques. Data collection. BUS BUS 403 Marketing Research Experimental design. Measurements and measuring techniques. Data analysis: Hypothesis testing, cross tabulation, chi-square analysis, regression and correlation. Preparation of research reports. (Prerequisite: SRV. 207 Statistics I or SRV. 211 Statistics I and BUSS. 207 Principles of Marketing or BUSS. 209 Introduction to 36

40 Marketing). Application of marketing concepts and methods to the international marketplace. Environmental factors in international marketing. Export market BUS BUS 406 International Marketing selection. Entry strategies. International marketing mix decisions. Export documents and methods of payment for international operations. (Prerequisite: BUSS. 207 Principles of Marketing or BUSS. 209 Introduction to Marketing). Introduction to consumer behavior. Market segmentation. Psychological influences on consumer behavior: Learning, motivation, perception, personality, attitudes and attitude change strategies. Socio-cultural influences on BUS 407 Consumer Behavior consumer behavior: Group dynamism and reference groups, family, personal influences and diffusion process of innovations, social classes and culture. Consumer s purchasing decision process. Society and consumer behavior. (Prerequisite: BUSS. 207 Principles of Marketing or BUSS. 209 Introduction to Marketing). An Overview of Decision Problems, Decision Analysis, Probabilistic Dynamic Programming, BUS 411 Decision Theory Multiobjective Linear Programming/Goal Programming, Analytical Hierarchy Method, Data Envelopment Analysis,Game Theory, Markov Processes. Factors that affect the market value of common BUS 413 Evaluation of Financial Securities stocks and bonds. Theoretical and practical methods used in security analysis. Price-earnings ratio. Systematic and unsystematic risks. Portfolio analysis and management. Capital asset pricing model. Definition of investment and project. The Investment importance of investment projects for business BUS 419 Project firms and national economy. Factors that affect Analysis the investment decision. Basic steps in preparation of investment projects. Determining 37

41 the total cost of the project and estimating its working capital. Static and dynamic approaches used in the evaluation of the projects Definition and scope of Microeconomics. Basic concepts. Consumption Theory: Utility maximization, indifference theory, equilibrium of the household, income and substitution effects, derivation of the demand curve, movements along the demand curve, shifts in the demand curve, consumers' surplus. A general view of the price ECON 201, ECON 207 Microeconom ics I system: Demand, supply and their elasticities. Production in the short-run: Total, average and the marginal products, the firm's equilibrium in the short-run, producers' surplus. Production in the long-run: Derivation of isoquant curves and isocost lines, the marginal rate of substitution and elasticity of substitution, the firm's equilibrium in the long-run, elasticity of substitution and production functions. (Prerequisite: ECON. 101 Introduction to Economics I.) Production costs: Total, average and marginal cost, derivation of long-run cost curves. Competitive markets: Total, average and marginal revenue, short-run and long-run equilibrium of a firm, short-run and long-run industry equilibrium. Monopoly: Costs and revenues, short-run and long-run monopoly equilibrium, price ECON 202, ECON 208 Microeconom ics II discrimination. Noncollusive oligopoly: The Cournot, Bertrand, Edgeworth, Stackelberg and the Sweezy models of oligopoly. Collusive oligopoly: Explicit cooperation and tacit cooperation. Distribution of income: Firm's factor demand curve, supply of factors and marginal productivity theory of income distribution. (Prerequisite: ECON. 101 Introduction to Economics I). 38